Big Head Press

L. Neil Smith's
Number 593, October 31, 2010

"These times aren't exiting, they are downright exhilarating!"

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The Workman Can't Pawn His Tools
by Jim Davidson

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Special to The Libertarian Enterprise

Yesterday I made a wrong turn on a busy street. The shoppe I was looking for had a mirror image on the other side of the street. One was Acme glass, the other was Acme body shop. So I ended up next to a pawn shop. Well, it was going to be a long time before traffic cleared the light and I could get across the street, so I parked and went inside.

After all, the shop window had a sign "Guns and Gold." Two of my very favourite things.

The proprietor had no 7.62 x 54R to sell me. Sad. But he did have several nifty things in stock, so I looked around. Jig saws, band saws, circular saws, all kinds of power tools. A very nice compound bow on which I started negotiations.

In through the door walked a working man with his wife. In his hands was a Craftsman tool in its own carrying case. From the size and heft of it, possibly a saw of some kind. Before it even reached the counter, the proprietor was shaking his head.

"We can't take any more tools."

"Can you lend me something against it."

"No, sir. We have all the tools we can afford to have in stock. I'm very sorry."

You think the economy is recovering? I don't.

I know men who work with tools. Many of them. I know that their tools mean a lot to them, mean jobs which they can get if they have tools. So parting with his tools is a big deal. He didn't come to this choice easily. He was grim coming in, and grimmer going out. And I don't think he's alone.

Doubt me? Call around to the pawn shoppes in your town. What are they taking in trade? I'll bet they are eager for gold, silver, guns. After all, these are items which always sell. And right now gold and silver are going up.

The economy is not recovering. continues to show 22.5% unemployment. Housing starts are a tiny bit above half a million. The weak dollar policy seems to be spinning a phony stock market boom. But the suddenly stronger dollar on Tuesday crashed nearly every market imaginable.

Meanwhile the administration of premier Obama has gone radical on enforcement, to grab as much loot as fast as possible and obliterate businesses with punitive sanctions. Fines are going up, including some record breaking fines. Taxes are going up, too, which is perverse. Capital controls are increasing.

If the economy is recovering and strengthening, why doesn't the LIBOR overnight rate come back down to its 2007 nominal value of around 0.11%? It is more than double that value right now.

The economy isn't serving your interests, so investing in it isn't a good idea. Rather, the establishment serves only the interests of the banking gangsters, the huge insurance firms, the huge law firms, the corporatists, the fascists. Tend to your own garden. Withdraw your money from their system.

Don't contribute any further to your own oppression. Batten down the hatches, cut the anchor lines, and prepare to run before the storm.

Jim Davidson is an author, entrepreneur, and anti-war activist. His 1990 venture to offer a sweepstakes trip into space was destroyed by government action as was his free port and prospective space port in Somalia in 2001. His 2002-2007 venture in free market money and private stock exchange was destroyed by government action in 2007. He's going to Mars if he has to walk. His second book, Being Sovereign is now availble from Lulu and Amazon. His third book Sovereign Self-Defense will be released for Kindle soon. His fourth book Being Libertarian will be available for free download as a .pdf, being a compilation of all his essays and letters in "The Libertarian Enterprise" since 1995. Contact him at or He and his associates at Individual Sovereign University are planning a series of concerts and celebrations of freedom around the world. One of these events is 4-6 March 2011 in Kansas City, Missouri.


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